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STOCK COMPARISON

ASML Holding vs Kokusai Electric: Fair Value & Quality

Both stocks run through our valuation models. Here is how ASML Holding (ASML) and Kokusai Electric (KOKSF) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ASML Holding trades at €1,516 versus a fair value of €1,350 (-11%), while Kokusai Electric trades at $54.07 versus $13.05 (-76%).
ASML Holding
ASML.AS · EUR · Information Technology
-11%
upside to fair value
overvalued
Price€1,516
Fair Value€1,350
Quality82/100
Kokusai Electric
KOKSF · USD · Information Technology
-76%
upside to fair value
overvalued
Price$54.07
Fair Value$13.05
Quality66/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ASML HoldingKokusai Electric
Valuation
59.8×P/E (TTM)67.6×
18.99×P/S (TTM)8.51×
34.21×P/B10.19×
49.0×EV/EBITDA35.7×
2.19×PEGn/a
−11.0%Fair value upside−75.9%
0.4%Dividend yieldn/a
€6.56Dividend per sharen/a
Profitability
37%Operating margin15%
1.19×EBIT margin trend (5Y)0.75×
54%Return on equity14%
16%Return on assets7%
Growth
21%Revenue growth (YoY)-4%
15.6%Avg. growth/yr (3Y)-0.9%
18.5%Avg. growth/yr (5Y)n/a
+24.3%Value creation/yr−8.1%
Balance & size
95.5×Interest coverage (EBIT/interest)35.7×
0.14×Debt / equity0.24×
$671BMarket cap$13B
healthyGrowth qualityweak

ASML Holding leads: 10 to 3 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

ASML Holdingof which business quality 79 · market factors 66 Kokusai Electricof which business quality 63 · market factors 54
ProfitabilityMargins and returns on capital today
81
60
Quality GrowthAre margins and returns improving?
77
89
CashflowEarnings quality: real cash, not paper profit
86
33
Fin. StrengthBalance sheet, leverage, solvency risk
85
75
InvestmentDisciplined investing over empire-building
42
52
Low VolatilityCalm price path (market factor)
35
0
MomentumPrice trend over the last 3–12 months (market factor)
74
84
52W MomentumDistance to the 52-week high (market factor)
89
64
Net IssuanceShare count: buybacks or dilution?
92
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyASML HoldingPrice €1,516Kokusai ElectricPrice $54.07
DCF Models-46%below the price€824-77%below the price$12.56
Earnings-Based-74%below the price€393-82%below the price$10.00
Dividend Discount-92%below the price€127-96%below the price$2.16
Multiples-66%below the price€515-65%below the price$18.66
Asset-Based-98%below the price€34.21-95%below the price$2.93
Growth DCF-50%below the price€761-85%below the price$8.02
Economic Profit-75%below the price€376-83%below the price$9.03
Growth Earnings-55%below the price€675-67%below the price$17.81
Minimum-98%below the price€34.21-96%below the price$2.16
Maximum-46%below the price€824-65%below the price$18.66
Median-70%below the price€454-82%below the price$9.52
Geometric mean-78%below the price€330-85%below the price$8.13

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

ASML Holding: 26 of 26 models see the stock below the current price.

Kokusai Electric: 25 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

ASML Holding
Price €1,516
Fair Value €1,350
Bear €853Bull €2,668
Kokusai Electric
Price $54.07
Fair Value $13.05
Bear $7.81Bull $19.60

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

ASML Holding · Information Technology

Quality score82 · Top 25%
Fair value upside-11% · above median

Kokusai Electric · Information Technology

Quality score66 · Top 25%
Fair value upside-76% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ASML Holding trades at €1,516 versus a fair value of €1,350 (-11%), while Kokusai Electric trades at $54.07 versus $13.05 (-76%).

ASML Holding has the higher quality score (82/100).

Open ASML Holding live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.